Types of Professional Liability Insurance Coverage aka E&O Insurance

Considerations for buying Professional Liability Insurance Coverage AKA E&O Insurance


Professional Liability Insurance aka E&O Insurance applied to many industries and professions but is usually determined by the nature of the work.  Any industry or profession where a title or designation is used will typically have some level of professional liability exposure.  Many individuals even professional who work in industries know to have errors and omissions claims often work without coverage until a contract forces them to obtain coverage.  Working with a commercial insurance broker who understands professional liability should be a very important consideration for a number of reasons.  Most importantly, a good understanding of professional liability policies will allow business insurance broker to customize a policy while it is in underwriting to your specific industry.  The second factor that will impact a buyer seeking professional liability insurance coverage is pricing.  Frequently, a broker that is not familiar with specific insurance coverage such as professional liability or industry he/she will run to a wholesale professional liability brokerage or an excess and surplus lines broker.  Being removed from the underwriting process, the broker has little control over how your application is presented, which sections will be negotiated to work in your favor and in the end the insured pays more in taxes, fees, and often times increased premium costs.



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How to get an Professional Liability (Errors and Omissions) Quote

 Professional liability insurance applications ask very specific questions about your business, experience, client base, and your gross annual revenues.  Having this information at your finger tips will help expedite the insurance application process.  Often, insured's are seeking professional liability insurance to satisfy a contract.  If this is why you are obtaining coverage it is advisable to provide your broker with a copy of the errors and omissions requirements.  This insures that your limits and coverage will be adequate to comply with your contract.  Obtaining quotes should take 5-10 business days unless you have a contractual obligation requiring errors and omissions insurance coverage, in which case your broker my be able to push to get quotes through the process quicker.

Businesses that we write Professional Liability (E&O) Insurance for Included but are not limited to:

Software Errors and Omissions Insurance Coverage
Architects and Engineers Professional Liability Insurance
Business managers
Claims adjusters
Consultants Errors and Omissions Coverage
Franchisors E&O
Printers Errors and Omissions Insurance Coverage
Property managers Professional Liability Insurance Program
Public relations firms
Technology Companies E&O
Training consultants
Trustees (UTA Professional Liability Program Administrator)
Web page designers

All Forms of Professional Liability Insurance
We have access to coverage that encompasses ALL forms of liability insurance - EPLI - Employment Practices Liability Insurance, D&O - Directors and Officers, E&O - Errors and Omissions insurance, and Group Personal Liability. Limits available up to $25,000,000. Worldwide coverage available. Products available in most states.
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